That's the largest sale of an NFT to date. Artist Mike Winkelmann, also known as Beeple, has sold an NFT artwork for more than $69 million. @beeple 's 'The First 5000 Days', the 1st purely digital NFT based artwork offered by a major auction house has sold for $69,346,250, positioning him among the top three most valuable living artists. An NFT can either be one-of-a-kind, like a real-life painting, or one copy of many, like trading cards, but the blockchain keeps track of who has ownership of the file. Beeple Breaks His Own Record . And last month, one of the NFTs that originally sold for $66,666.66 was resold for $6.6 million. In response to the sale, Beeple tweeted, “holy fuck.” What, exactly, is an NFT — and what did the new owner of Beeple’s JPEG actually buy? And many artists are concerned about the climate impact of art sales that rely on blockchain technology, which is notoriously inefficient by design. If you (understandably) still have questions, you can read through our NFT FAQ. For one, he’s developed a large fan base, with around 2.5 million followers across social channels. Storied auction house Christie’s has wrapped its sale of “EVERYDAYS: THE FIRST 5000 DAYS” by crypto artist Beeple. The non-fungible token (NFT) artwork site tweeted out news of the record-breaking sale of the 10-second animated piece, which depicts people walking in front of a giant, nude Donald Trump face down and covered in obscene graffiti. Lastminute bids pushed the price up to a resounding $69 million. A few factors explain why Beeple’s work has become so valuable. Today, Beeple, real-name Mike Winkelmann, announced to his 1.7 million Instagram followers that he will auction a collection of NFT artwork, starting Friday at 7pm EST. 1. The technology has absolutely exploded over the past few weeks — and Winkelmann, more than anyone else, has been at the forefront of its rapid rise. Christie's auction house just sold Beeple's'The First 5000 Days' NFT based digital artwork for $69 million. Rock band Kings of Leon is offering a version of their latest album with the tokens that come with extras. @beeple 's 'The First 5000 Days', the 1st purely digital NFT based artwork offered by a major auction house has sold for $69,346,250, positioning him … Another Beeple piece, “Crossroad” — a 10-second video NFT showing animated pedestrians walking past a giant, naked likeness of Donald J. Crypto artist Beeple made history yesterday with the sale of an NFT collection of digital art for $69.3 million.The sale of EVERYDAYS: THE FIRST 5000 DAYS at Christie’s auction house is the third most expensive piece of artwork sold by a living artist—and Justin Sun, founder of cryptocurrency platform TRON, narrowly missed out on winning the bidding war. Beeple NFT Sells at Auction for $69.3M, The Biggest NFT Sale to Date Godfrey Benjamin Mar 12, 2021 08:16 2 Min Read By choosing I Accept, you consent to our use of cookies and other tracking technologies. The First 5,000 Days” has vaulted from a starting minimum bid of $100 on February 25 in the online sale … A digital collage by artist Beeple has been sold by the famous auction house Christie's for a staggering $69 million. For all of AP’s tech coverage, visit https://apnews.com/apf-technology, Follow Kelvin Chan at www.twitter.com/chanman, This undated photo released by Christie's on Thursday, March 11, 2021 shows a digital collage titled “Everydays: The First 5,000 Days," by an artist named Beeple. Non-fungible tokens, known as NFTs, are electronic identifiers confirming a digital collectible is real by recording the details on a digital ledger known as a blockchain. Art & Auctions Beeple NFT Fetches Record-Breaking $69 Million in Christie’s Sale The digital collage earned a bid higher than those seen for works … For collectors who believe that’s true, the escalating prices are nothing compared to what NFTs will be worth down the road, when the rest of the world has caught onto their value. Christie’s did not identify the buyer of the artwork, which consists of 5,000 individual digital pictures stitched together that Beeple created - one each day - since May 2007. The artwork is attached to a non-fungible token (NFT… LONDON (AP) — Christie’s says it has auctioned off a digital collage by an artist named Beeple for nearly $70 million, in an unprecedented sale of a digital artwork that fetched more money than physical works by many better known artists. The tokens have swept the online collecting world recently, an offshoot of the boom in cryptocurrencies. Combine that with Winkelmann already being at the forefront of NFT sales, and today’s auction was destined to set records. newsletter. Now, the Charleston, North Carolinian artist wants to tie crypto art back to reality. ), CROSSROADBy @beeple The #1/1 from beeple's first NG drop has just resold on the secondary market for $6.6 million. Today 11:39AM. Some 22 million people tuned in on the Christie’s website for the final moments of bidding, with bidders from 11 countries taking part. “I really thought it was the right catalyst to signal the validation of what’s happening in the industry.”. “He showed us this collage, and that was my eureka moment when I knew this was going to be extremely important,” Noah Davis, a specialist in post-war and contemporary art at Christie’s, told The Verge. Until October, the most Mike Winkelmann — the digital artist known as Beeple — had ever sold a print for was $100. NFT stands for “non-fungible token,” and it can technically contain anything digital, including drawings, animated GIFs, songs, or items in video games. And he’s famously prolific: as part of a project called “Everydays,” Winkelmann creates and publishes a new digital artwork every day. Just last week, Mark Cuban tweeted about his most recent NFT digital art bid: Others have also joined the craze for NFTs. “It’s the catalyst for a generation.”. Today, an NFT of his work sold for $69 million at Christie’s. The 255-year-old auction house has sold some of the most famous paintings in history, from the only known portrait of Shakespeare created during his lifetime to the last-discovered painting by Leonardo da Vinci. Today, he sold an digital art piece, commonly known as an NFT, at a Christie's auction for $69 million. … The sale positions him “among the top three most valuable living artists,” according to the auction house. “I do view this as the next chapter of art history,” Winkelmann said. They’re used to prove that an item is one of a kind and are aimed at solving a problem central to digital collectibles: how to claim ownership of something that can be easily and endlessly duplicated. “I’m confident it’s not a hype thing,” he said. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. A unique NFT by Beeple fetched $6.6 million on the secondary market yesterday. He sees Winkelmann’s rising sale prices as a way of proving to the public that the technology matters. Through a first-of-its-kind auction at Christie’s. History has just been made.Congrats to beeple and of course to @pablorfraile for the sale. But Winkelmann expects to work with the buyer to find various ways to display the piece physically, whether that’s on a TV in their house or projected onto “the side of a fucking building” at Art Basel. A work by crypto artist Beeple has been sold for $6.6 million, according to Gemini-owned Nifty Gateway. It’s the first purely digital artwork to go on sale at auction house Christie’s. “With NFT’s that has now changed. “We have more responsibility than we’ve ever had in any collecting category as arbiters of the items that we’re selling,” Davis said.
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